Evil Diaries: Market Signals

Market signals: when one is dealing with lunatics it is a mistake to think one is getting somewhere since these fellows relapse not through an onrush of common sense but because, having no brains, they tend to fluctuate. But the sillies who now govern us must be wondering whether their cancellation of oil exploration in the North Sea will fail to set a persuasive good example to the Chinese and instead leave us more insecure as regards energy supplies than we already are.

Further, Scotland receives a £2,500 bonus p.a. per Scot under the Barnett formula which costs HM Treasury a trifling £12,500,000,000 p.a.. This is more than half the alleged £22bn hole Ms Reeves identified to support her view that Labour have inherited a financial mess which has no precedent since the end of the Second World War – she merely takes the view that if one wishes to get somewhere with a lie one should elect to go for the biggest possible – she would declare that one should just ask Hitler or Stalin were they around.

However, unemployment in Aberdeen and the cost of social services support must be sinking into her thick brain as undesirable objectives. And I suspect that is sinking into the market: after all, why would Jersey Oil and Gas (JOG) jump 30p yesterday? I suspect that sub 150p is a steal.

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Pay no attention to the detention of the vice-chairman of Beximco Pharma (BXP). We are surely merely looking at an adjustment to the expression of power in Bangladesh. This makes BXP yet again a buy at 36p.